Oprah Winfrey Loses $58 million On Weight Watchers Investment
She also owns options to purchase an additional 2.1 million shares. Reportedly, the value of her stake dropped to $122.7 million after the Weight Watchers forecasted that 2019 profit will be well short of Wall Street estimates. The value of her stock has plunged by $435.8 million since June 20, when the shares peaked at $103.09.
Revenue will be about $1.4 billion, below the nearly $1.7 billion projected, according to Bloomberg.
On Tuesday, Weight Watchers described its first quarter of 2019 as a “soft start” relative to 2018, adding that its
“Winter Campaign did not recruit as expected.”
Winfrey joined Weight Watchers in October of 2015 as an adviser on Weight Watchers’ board following her purchase of a 10 percent ownership stake in the company.